E.ON launches cheapest energy tariff

New best buy energy tariff launched by energy giant E.ON.

E.ON has hit back at the small providers who have dominated the best buy tables this year by launching a new tariff which is now the cheapest on the market.

This is the first time that one of the'Big Six' has topped the best buy tables in 2014.

The top tariff

E.ON's new 12-month fixed tariff will cost the average household £965, if they opt for paperless billing (you get a £10 discount if you skip postal bills). That works out £300 a year cheaper than the average energy deal! What's more, you’ll earn £20 a year for having both your gas and electricity with E.ON, while you also earn Clubcard points.

And if you change your mind, the exit fee is far cheaper than its competitors at £5 per fuel, compared to £30 per fuel with other suppliers on the market.

Big vs small suppliers

Small suppliers have dominated the best buy tables this year; the table below demonstrates that will one of the big six have taken top spot, the majority of the cheapest deals come from smaller names.

Supplier	Plan name	Average bill size per year*	Exit fees
E.ON Energy	Fixed 1 Year v12	£948.94	£5 per fuel
Extra Energy	Fresh Fixed Price Dec 2015 v1	£957.93	£25 per fuel
First Utility	iSave Fixed November 2015 (v35)	£961.79	£30 per fuel
OVO Energy	Better Energy Fixed (Online)	£991.85	£30 per fuel
Greenstar Energy	Rate Saver 12 month Fixed 1410 Paperless	£998.37	£30 per fuel
Npower	Online Price Fix November 2015	£999.70	N/A
Extra Energy	Bright Fixed Price Nov 2015 v1	£1,001.34	£25 per fuel
Sainsbury’s Energy	Fixed Price October 2015	£1,002.13	£30 per fuel
The Co-operative Energy	Fair and Square Dec 2015	£1,018.19	£25 per fuel
Scottish Power	Online Fixed Price Energy December 2015	£1,018.72	N/A

*Based on Ofgem’s Tariff Comparison Rates of 3,200kwh of electricity and 13,500kwh of gas in a London region. Source: lovemoney gas and electricity comparison centre

Compare gas and electricity tariffs with lovemoney.com

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